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Corporate Renminbi (\
Corporate Renminbi (\
Comprehensive services help you capture business opportunities
 
In view of the increasingly popular of Renminbi nowadays, we provide you with a comprehensive range of corporate RMB services, which help you to capture opportunities for your business development.
   
 
Deposit Services
We offer comprehensive deposit services to help corporate customer1 capture business opportunities.
   
 
Savings Account2

Passbook or statement savings account for your choice

Pre-set standing instruction for daily auto buy-in / sell-out RMB

Manage your personal finance or buy / sell RMB via Internet or phone banking services with extensive trading hours3
   
 
Fixed Deposit

Deposit tenors of 1, 2, 3 or 6 months with minimum deposit at RMB20,000

Pre-set maturity instruction offers flexibility for your financial arrangement

Enhance higher return with favorable interest rate

Provide HKD overdraft and loan facilities up to 95% of your RMB fixed deposit
   
 
Current Account2

Cheque payments and transfers are available in Hong Kong
   
 
Exchange Services4

Low spread for money exchange and handling fee waiver5

Unlimited daily exchange from RMB to HKD or vice versa
   
 
Interbank Transfer/ Remittance Services4

Perform local interbank transfer, payment in RMB through OCBC Wing Hang branches, Personal eBanking or Business eBanking are available

RMB remittances to Mainland must comply with the relevant rules and requirements of the Mainland and/or obtain Approval from the relevant mainland authorities6

Remit RMB to Mainland cities to settle trade bills

Trade Settlement Services
   
 
Cashier Order Services
Make local payments in RMB.
   
 
Investment Services
We offer you diversified and professional RMB investment services, including:

Dominated Securities Trading Services

Bonds / Certificates of Deposit

Unit Trust

Non-Deliverable Forwards (NDF)

Deliverable Forwards (DF)

Ratio Forward

Variable Structured Forward
   
 
Insurance Services
We offer RMB insurance savings plan, which provides life protection and return guarantee, you can also take advantage of potential RMB appreciation.
   
 
Trade Settlement
The coverage of RMB Trade Settlement Scheme includes 20 Mainland provinces and cities such as Guangdong and Shanghai. It also has been expanded from Hong Kong, Macau and ASEAN countries to all overseas countries and region. Mainland enterprises can settle their import and export trades and other current account transactions in RMB. Corporate customers can enjoy the following benefits when making use of our corporate RMB services and RMB trade settlement services:

Reducing your exchange cost under efficient exchange rate risk management

Expanding your gains from RMB transactions during the upward trend

Shortening the cash cycle in manipulating your RMB fund offshore
   
 
Trade Finance Services / Loan Services
We offer you comprehensive and professional RMB trade finance services and corporate RMB credit facility such as Letter of Credit issuance, transfer, negotiation and collection at favorable rates. We also offer overdraft facility at competitive rate.
   
 
   
   
FAQ
 
1. How many Mainland provinces and cities are included in the "Pilot Program of RMB Settlement of Cross-border Trade Transactions"?

As at 19 July 2010, the Mainland locations that are covered by the Pilot Program of RMB Settlement of Cross-border Trade Transactions have been extended to 20 provinces and cities, including Beijing, Tianjin, Inner Mongolia, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Hubei, Guangdong, Guangxi, Hainan, Chongqing, Xichuan, Yunnan, Jilin, Heilongjiang, Xizang and Xinjiang.
 
2. Can I conduct RMB trade settlements with non-Pilot Enterprises?
The Pilot Enterprises qualification remains valid only for merchandize exports from the Mainland. For exports of services from the Mainland, imports of services or merchandize into the Mainland, all enterprises, including Pilot Enterprises and non-Pilot Enterprises, in the 20 provinces and cities covered by the Pilot Program of RMB Settlement of Cross-border Trade Transactions are allowed to settle in RMB.
 
3. Can a Designated Business Customers ("DBCs") Account holder open an RMB Corporate Account at the same time?
Yes. DBCs can also open an RMB Account for general purpose. However according to HKMA’s regulation transfers of RMB funds from RMB Corporate Accounts to DBC Accounts are not allowed, but transfer of RMB funds from DBC Accounts to RMB Corporate Accounts are allowed.
 
4. Can RMB deposits be pledged for loan financing?
Yes, deposits denominated in either the RMB or any other foreign currency can be pledged for loan financing. Currently, it is not allowed to extend RMB loans to Personal Accounts or Designated Business Customers Accounts.
   
 
   
   
   
 
All the information set out in this web page is provided to the best of the Bank's knowledge and understanding of the relevant laws, rules, regulations, directions and guidelines governing or otherwise applicable to Renminbi Accounts (i.e. Renminbi Savings Account and/or Renminbi Current Account) and/ or RMB Commercial Banking Services. Please refer to any updates which may be published or issued by the regulatory authorities governing the same from time to time.
 
 
Note:
1. Some of the above products and services are not applicable to Designated Business Customer (“DBC”). Please contact our staff for details.
2. For RMB savings or current account, monthly service fee of RMB80 will be charged to each account if the average daily total relationship balance of corporate deposit account falls below HKD50,000.
3. Trading hours start from 9:00a.m. till New York market closes (summer time till 2:30a.m. and winter time till 3:30a.m.) from Monday to Friday and 9:00a.m. to 1:00p.m. on Saturday.
4. Exchange or remittance arrangements in practice are subject to transaction condition at the time.
5. Only applicable for OCBC Wing Hang customers who exchange HKD3,000 equivalent or above. Service charge of HKD50 per transaction will be charged to non-Bank customers.
6. Customer is liable for any charges that may be incurred if the outward remittance is rejected by the Mainland authorizes or Mainland banks.
   
 
Enquiries Hotline:   (852) 2633 0628
   
 
   
 
To borrow or not to borrow?
Borrow only if you can repay!